The Udupi District Consumer Disputes Redressal Commission imposed a ₹50,000 fine on India Post for deficiency of service and directed the Department to pay interest amount towards a public provident fund account held by a senior citizen, which it had refused to pay citing technical grounds. Ravindranath Shanbhogue, president, Human Rights Protection Forum, Udupi, told reporters on Friday, May 10, …
PPF, short for Public Provident Fund, constitutes a government-supported savings and investment plan in India. Offering attractive interest rates and tax advantages, the PPF account stands out as one of the investment options tailored for children. It’s crucial to understand that the PPF account will be managed by the parent or legal guardian until the minor child reaches 18 years …
Do you have multiple Public Provident Fund in your name? On March 3, 2022, the department of economic Affairs, ministry of finance stated issued a letter to all head post offices mentioning, “In case any one of the PPF accounts or all the PPF accounts is/are proposed to be merged or amalgamated is / are opened on or after 12.12.2019, …
